Prominent Gastro Pub and Hotel in Exclusive Location
Let to Greene King Brewing and Retailing Limited until 2042 (no breaks)
New lease from September 2022
Attractive and Recently Refurbished Building
Gastro Pub accommodation with a 6 bedroom hotel on the First Floor
Prominent road Frontage on the main route to Sandbanks
Rear car parking and Beer Garden
Site area of Approximately 0.146 Ha (0.361 Acres)
Lot 10
Auction 18th May 2023
Rent £120,000 per Annum Exclusive
Status Sold
Price £2,200,000
Sector Leisure
Auction Venue Live Streamed Auction
Property Information
Location
Miles
4 miles east of Poole, 4 miles west of Bournemouth
Roads
A35, A338
Rail
Poole Railway Station, Bournemouth Railway Station
Air
Bournemouth Airport
Situation
The property is located in the affluent and well sought after Canford Cliffs suburb of Poole. It lies equidistant between Poole town centre and Bournemouth town centre approximately 4 miles to the west and east respectively. The world famous Sandbanks district neighbours Canford Cliffs to the south west and the area benefits from an extensive sandy beach popular with tourists and locals. The property provides an extensive frontage on to Haven Road and Canford Cliffs Road in a primarily residential area. Residences are a mix of low rise apartment blocks and extensive detached houses.
Tenure
Freehold.
Location
Miles
4 miles east of Poole, 4 miles west of Bournemouth
Roads
A35, A338
Rail
Poole Railway Station, Bournemouth Railway Station
Air
Bournemouth Airport
Situation
The property is located in the affluent and well sought after Canford Cliffs suburb of Poole. It lies equidistant between Poole town centre and Bournemouth town centre approximately 4 miles to the west and east respectively. The world famous Sandbanks district neighbours Canford Cliffs to the south west and the area benefits from an extensive sandy beach popular with tourists and locals. The property provides an extensive frontage on to Haven Road and Canford Cliffs Road in a primarily residential area. Residences are a mix of low rise apartment blocks and extensive detached houses.
Tenure
Freehold.
Description
The property comprises a ground floor gastro pub/ restaurant with ancillary accommodation and hotel reception area. On the first floor there are 6 hotel rooms consisting of 4 different room types: feature room, accessible double room, superior double room or double room. To the rear of the property there is car parking for approximately 20 vehicles.
VAT
VAT is applicable to this lot.
Completion Period
6 week completion available
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor gastro pub/ restaurant with ancillary accommodation and hotel reception area. On the first floor there are 6 hotel rooms consisting of 4 different room types: feature room, accessible double room, superior double room or double room. To the rear of the property there is car parking for approximately 20 vehicles.
VAT
VAT is applicable to this lot.
Completion Period
6 week completion available
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Rent Review
Ground
First
Restaurant Ancillary Ancillary Hotel
244.60 76.15 55.60 6 x Hotel Rooms
(2,633) (820) (598) -
GREENE KING BREWING AND RETAILING LIMITED (t/a The Anchorage) (1)
20 years from 30/09/2022 expiring 29/09/2042
£120,000
01/08/2025 and five yearly thereafter
Total Approximate Floor Area Excluding Hotel Accommodation
376.35
(4,051) (2)
£120,000
(1) Founded in 1799 Greene King is now the country's leading pub retailer and brewer, welcoming customers to over 2,600 pubs, restaurants and hotels (Source: www.greenking.co.uk 21/04/2023). For the year ending 2nd January 2022, Greene King Brewing and Retailing Limited reported a Turnover of £1,280,000,000, a pre-tax loss of (£40,900,000) and a Net Worth of £1,798,200,000 (Source: Companies House 21/04/2023). The Anchorage website can be found here - https://www.theanchoragepoole.com/ (2) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
